mdrmlogo-300x81Modern Mobility Aids, Inc is a development-stage alternative medicine company that was formerly a distributor of mobility products. The company is currently based in Nevada, USA, but it focuses on the Canadian medical marijuana industry, particularly in the development and production.

The company started out in 2007, when it was founded and incorporated as Glider, Inc. In 2010, it changed its name to Modern Mobility Aids, Inc. The company’s previous business was distributing mobility devices, such as walkers and wheelchairs, to the Russian market.

Today, as it works its way into the cannabis industry, Modern Mobility Aids, Inc is traded in the US OTC markets under the symbol MDRM. It has a market cap of USD 3.77 M.

With its new focus on medical marijuana, the company has established a wholly owned marijuana subsidiary named the MDRM Group Canada Ltd. It will handle the company’s intended marijuana operations in Canada, such as acquisitions, joint ventures, and agreements with herbal producers.

The MDRM Group has made some recent progress, which includes the closing of its agreement with Easton Pharmaceuticals, Inc. Easton is a Canadian pharmaceutical company whose development projects include medical marijuana. The agreement between Easton and MDRM allows Easton to purchase up to 49% of a medical marijuana company which is still unnamed.

Aside from this, Modern Mobility Aids is considering other industry investments, including some in licensed US suppliers. One of the recent investments of the company is its purchase of a 50% interest in Green Calyx, Inc, a Canadian cultivator.

Modern Mobility Aids, Inc is led by CEO Kenneth R. Pinckard and President and CFO Preston J. Shea. Alongside them are Dr. Baseer U. Khan as the Chairman of the Medical Advisory Committee and the Chief Medical Director, and Gilbert S. Sharpe as Executive Advisor.


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Latest Financial News for MDRM

Modern Mobility Aids Inc., Changes Name

Galileo Life Sciences Announces Name Change Emphasizing It's Bold Vision Toronto, Ontario--(Newsfile Corp. - March 25, 2021) - Modern Mobility Aids Inc., (OTC Pink: MDRM), a company dedicated to simplifying the world of healthcare, announced today that its Board of Directors and shareholders voted on a new name and identity for the company: Galileo Life Sciences, Inc. (Galileo)."We are excited to adopt the name Galileo Life Sciences. We believe it better reflects our objective to ...

Galileo Life Sciences, a Subsidiary of Modern Mobility Aids Inc. (MDRM) Announces Expanded Leadership to Drive Next Highly Anticipated Phase of Growth

Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - Galileo Life Sciences Inc. (Galileo, the "Company"), a subsidiary of Modern Mobility Aids, Inc. (OTC Pink: MDRM) announced today that its Board of Directors appointed Gilbert Sharpe Director of Health Care. Gilbert, former long-time Director of the Legal Branch of the Ontario Ministry of Health and Long-Term Care brings to Galileo Life Sciences over 40 years of experience in advisory, law, and private practice. ...

Modern Mobility Aids Inc. Launches Its Telehealth Platform

TORONTO, ON / ACCESSWIRE / January 19, 2021 / Galileo Life Sciences Inc., (Galileo, the "Company") a subsidiary of Modern Mobility Aids, Inc.

Modern Mobility Aids, Inc. Q4 2020 Shareholder Update

Modern Mobility Aids, Inc. (OTC: MDRM) today announced the following shareholders' update from CEO, Tito Di Marco.